WITH SOLUTIONS GRADED A+
>> Market Pricing
Answer: Set pay based on market rates
>> Pay Structure
Answer: Grades and ranges
>> Broadbanding
Answer: Wide pay ranges, fewer grades
>> Variable Pay
Answer: Bonuses, commissions
>> Merit Pay
Answer: Increase based on performance
>> Profit Sharing
Answer: Share company profits
>> Gainsharing
Answer: Share productivity gains
>> Employee Stock Ownership Plan (ESOP)
Answer: Employees own stock
, >> Benefits Administration
Answer: Managing benefit programs
>> Health Insurance
Answer: Medical, dental, vision
>> Pension Plan
Answer: Defined benefit or defined contribution
>> 401(k)
Answer: Defined contribution retirement plan
>> Flexible Benefits Plan
Answer: Cafeteria plan, employee choice
>> Paid Time Off (PTO)
Answer: Combined vacation/sick leave
>> Employee Assistance Program (EAP)
Answer: Counseling, support services
>> Wellness Programs
Answer: Promote health and reduce costs
>> Work-Life Balance
Answer: Policies supporting personal life
>> Flexible Work Arrangements
Answer: Flextime, telecommuting